Earnings per share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings per share

Note 2: Earnings per share

Earnings per share were computed as follows:

	Three Months Ended June 30,
	2013							2012
				Weighted-							Weighted-
	Net			Average		Per-Share		Net			Average		Per-Share
	Income			Shares		Amount		Income			Shares		Amount
Basic Earnings Per Share
Net income	$	2,112			7,073,792			$	1,644			6,933,255
Dividends and accretion on preferred stock		(278	)						(362	)
Income available to common stockholders		1,834			7,073,792	$	0.26		1,282			6,933,255	$	0.18
Effect of Dilutive securities
Stock options and RRP grants					182,248							55,624
Diluted Earnings Per Share
Income available to common stockholders and assumed conversions	$	1,834			7,256,040	$	0.25	$	1,282			6,988,879	$	0.18

	Six Months Ended June 30,
	2013							2012
				Weighted-							Weighted-
	Net			Average		Per-Share		Net			Average		Per-Share
	Income			Shares		Amount		Income			Shares		Amount
Basic Earnings Per Share
Net income	$	4,088			7,041,139			$	3,070			6,933,255
Dividends and accretion on preferred stock		(640	)						(723	)
Income available to common stockholders		3,448			7,041,139	$	0.49		2,347			6,933,255	$	0.34
Effect of Dilutive securities
Stock options and RRP grants					170,087							83,738
Diluted Earnings Per Share
Income available to common stockholders and assumed conversions	$	3,448			7,211,226	$	0.48	$	2,347			7,016,993	$	0.33

Options to purchase 82,000 and 266,185 shares of common stock were outstanding at June 30, 2013 and 2012, respectively, but were not included in the computation of diluted EPS above, because the average exercise price of the options was greater than the average market price of the common shares.